Investment

Lifestyle strategies adopted as default funds do not adequately protect members from potential market downturn, latest research suggests.

Rory Murphy, trustee chairman of the Merchant Navy Officers Pension Fund (MNOPF), says trustees must do more to share best practice in bid to improve outcomes.

Douglas Hamilton, the head of pensions strategy at Royal Mail, says its proposals are fair and about affordability not cost-cutting.

The Lancashire County Pension Fund and the London Pensions Fund Authority have pooled £1.3bn of their existing credit investments into the Local Pension Partnership (LPP).

Royal Mail workers have overwhelmingly voted for strike action in response to the company's planned closure of its defined benefit (DB) scheme.

Fidelity International will adopt a new active fund fee model that shares the risk and reward of investment performance with clients, known as a "fulcrum fee".

Chair of FCA cost disclosure working group

One-quarter 'unsuitable'

The collective deficit of defined benefit (DB) schemes remained at £460bn from the end of August to the end of September, according to PwC's Skyval index.

The US central bank has become the first to begin reversing quantitative easing, with more to follow. Stephanie Baxter looks at what to expect from this historic shift.